Chinese contractor 'explores' £2bn bid for Balfour Beatty
Balfour Beatty is back in the headlines with reports that a Chinese contractor is exploring a £2bn approach for the group. According to yesterday's Sunday Times, China Civil Engineering Construction Corporation (CCECC) has "sounded out industry figures" about the feasibility of a bid.
News of CCECC's interest in Balfour Beatty, whose water operations cover the entire lifecycle of networks, including clean and wastewater mains, metering, treatment facilities and other essential infrastructure, comes nearly a year after the infrastructure services group called off £3bn merger talks with rival Carillion.
CCECC, part of the state-backed China Railway Construction Corporation, has expanded its business scope from international contracting for railway construction to project contracting, civil engineering design and consultancy, labour services cooperation, real estate development, and import and export trading. Projects cover railways, highways, bridges and housing.
Balfour Beatty "declined to comment" on the reports.
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